Rane Engine Valve has reported results for first quarter ended June 30, 2013.
The company has reported a net loss of Rs 30.79 crore for the quarter as compared to a net loss of Rs 1.88 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 11.32% at Rs 62.25 crore for quarter under review as compared to Rs 70.20 crore for the quarter ended June 30, 2012.
Rane Engine Valve was incepted in 1959 to manufacture valves and valve train components for various engine applications. It has latest manufacturing practices to keep abreast of technological advancements caters to every section of the auto industry through four manufacturing plants. It has got cutting edge technology.